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MoneyLion’s Membership Lending Model Elicits Roar from Colorado AG

Colorado AG Phil Weiser settled with MoneyLion Technologies Inc. and MoneyLion of Colorado LLC (collectively, “MoneyLion”) to resolve allegations that the lender charged consumers illegal membership fees tied to loans in violation of the Colorado Uniform Consumer Credit Code. AG Weiser alleges that MoneyLion advertised loans with a low interest rate, but only made those…

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Workplace DEI Programs Still Legal Under Federal Law, Opines Colorado AG

Colorado AG Phil Weiser issued a formal legal opinion asserting that workplace diversity, equity, and inclusion programs are not unlawful following a recent Supreme Court decision in Students for Fair Admissions, Inc. v. Harvard College that ruled that race-conscious admissions programs at colleges and universities violate the U.S. Constitution and Title VI of the Civil…

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Drip Pricing Can Lead to Unexpected Drain on Hotel Guests’ Bank Accounts

Choice Hotels International, Inc. settled with Colorado AG Phil Weiser to resolve allegations that the company violated the Colorado Consumer Protection Act by employing “drip pricing”—omitting mandatory fees from advertised room rates. Under the terms of the settlement, Choice must fully disclose fees in connection with advertised room rates, and enforce third party compliance regarding…

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AGs Say AI is Risky Business, Requires Government Oversight

A bipartisan coalition of 23 AGs responded to the National Telecommunications and Information Administration’s (NTIA) request for comment on artificial intelligence (AI) system accountability measures and policies.

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